Just: Oil prices rose at Monday’s trade settlement, supported by geopolitical tensions in Europe.
Brent crude futures contracts increased by around $2.26, equivalent to 3.2%, to reach $73.30 per barrel, registering the highest level in 6 sessions.
US Nymex crude futures rose by $2.14, or 3.2%, to reach $69.16 a barrel in settlement.
Investors are monitoring developments in Russia’s war in Ukraine, with allies urging Volodymyr Zelensky to consider new ways to engage Vladimir Putin in negotiating an end to the conflict.
The United States is also close to a decision to lift some restrictions on Ukraine’s use of Western-made weapons to strike limited military targets in Russia.
The International Energy Agency revealed last week that there is more than a million barrels a day in the world oil market next year, with Chinese demand continuing to decline, which prices will decrease in the face of unrest in the Middle East and beyond.
Download the Mubasher Info application now to get the latest news through Apple store or Google Play
For trading and investing in the Egyptian Stock Exchange Click here
Follow the latest stock and economic news on our channel Telegram
To follow our official channel on YouTube Click here
Nominations
2024-11-18 20:55:00
#Oil #trading #ends #Monday #boosted #geopolitical #tensions #Europe
What are the key geopolitical factors contributing to the recent surge in oil prices, and how is the Russia-Ukraine conflict influencing this trend?
1. Can you please provide an overview of the main reasons behind the recent rise in oil prices, especially the role of geopolitical tensions in Europe and the ongoing Russia-Ukraine conflict?
2. How do you expect these developments to impact energy markets in the short and long term?
3. What are the potential risks and opportunities for oil traders in this volatile market environment?
4. How do you assess the impact of the International Energy Agency’s forecast on global oil supply and demand in 2023, specifically with regards to China’s declining demand?
5. With the increasing use of alternative energy sources, do you see a shift in the dominance of oil as a primary energy source in the future?
6. In your opinion, what role do sanctions play in driving up oil prices, and how effective have they been in achieving their intended goals?
7. What can policymakers and industry stakeholders do to mitigate the impact of high oil prices on the economy and consumers?
8. Looking ahead, what are some key factors that could drive significant changes in the oil industry and market dynamics in the next few years?
